WYY
WidePoint Corporation6.40
+0.00+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
DaaS shifts, Spiral 4 wins detailed
Q&A clarified converting two existing IT-as-a-Service clients to higher-margin DaaS via the new Columbus facility, smoothing lumpy hardware refreshes into predictable 360-degree support. Management detailed Spiral 4 progress, noting eight Navy task orders won under the $3B IDIQ with more bids ahead in 2026. On cash pile nearing $10M, Jin stressed a fortress balance sheet for shutdowns and opportunistic M&A, ruling out buybacks or ATM use soon. No guidance reinstated yet, pending DHS funding resolution. Cash stays dry for deals. Tone reaffirmed pipeline optimism amid delays; watch DaaS conversions and CWMS 3.0 award.
Key Stats
Market Cap
63.30MP/E (TTM)
-Basic EPS (TTM)
-0.24Dividend Yield
0%Recent Filings
10-K
FY2025 results
WidePoint posted FY2025 revenue of $150.5M, up 6% y/y, with carrier services jumping $5.1M to $91.9M on federal contract ramps while managed services grew 5% to $58.7M, lifting gross margins to 14% from 13%. Q4 momentum built on a September CBP task order for 30,000 lines, fueling carrier and fee gains after a late-Q3 2024 commercial win; managed margins hit 36%. Operating expenses ticked up on staffing yet cash flow soared to $5.7M. DHS CWMS contract—77% of revenue—awaits re-compete award. Line stayed covenant-compliant. Recompete loss threatens cash flows.
8-K
Q3 revenue up 4%, SaaS win
WidePoint reported Q3 revenue of $36.1 million, up 4% year-over-year, with adjusted EBITDA at $344,000 and free cash flow at $324,000—88% and 260% sequential jumps. Secured a multiyear SaaS deal with a top U.S. carrier for its FedRAMP ITMS platform, eyeing $40-45 million over three years starting mid-2026 for 2-2.5 million devices. Backlog hit $269 million. Momentum builds.
10-Q
Q3 FY2025 results
WidePoint's Q3 revenue climbed 4% year-over-year to $36.1M, driven by managed services growth of 29% to $15.7M, while carrier services dipped 9% to $20.4M; gross profit rose 12% to $5.3M, lifting margins to 15% from 14%. Year-to-date, sales hit $108.2M, up 3% with steady 14% margins, but operating losses widened to $2.0M from $1.6M amid higher G&A costs from inflation and headcount. Diluted EPS of -$0.06 aligns with 9.7M shares and net loss of $0.6M, marked anti-dilutive. Cash swelled to $12.1M with $5.9M operating inflow, no debt on the $4M line (covenants met), yet a $0.3M property theft hit costs. Revenue hinges on federal contracts. Government shutdowns disrupt funding.
8-K
WidePoint wins CBP task order
WidePoint Corporation secured a task order on September 29, 2025, to provide managed mobility services for 30,000 cellular lines to U.S. Customs and Border Protection under its CWMS 2.0 contract with the Department of Homeland Security. The order runs through December 2026, bolstering the company's federal revenue stream amid steady government demand. This win extends WidePoint's foothold in secure communications. Yet risks linger if performance falters.
8-K
Q2 2025 results released
WidePoint Corporation released its Q2 and six-month 2025 financial results on August 14, via press release and earnings call. The filing furnishes the call transcript and press release as exhibits, but specific figures remain undisclosed in the 8-K itself. Investors must review exhibits for performance details. No guidance provided.
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